New 52's. Short term, these yearly high stocks often go higher.
Consistently strong price action, like trading above the opening price
level after the first 5 minutes, is a long. Or, if it gaps down a bit
to debut or opens flat and falls briefly, a red to green and hold with
strong volume. Also long on spiking up at or near the gun as a scalp.
This might be an EOD exit, depending on how it holds up. Also long on a
break above to new yearly highs (over 0.64) and holds. Avoid
shorts, keep flat on true weakness. Nice move above 0.60. Needs to keep above the Monday close,
or at least above 0.60 on pull backs to remain viable as a long, aside
from any early noise.
Red floater scan return. Idea is to play for more, real down side on
day 2. Closed up under 0.50% on Monday off a gap up open that ended below the debut. Stop just above
the Monday session high (9.33) to cap losses on head fake fade
entries. I'm only into the shorting possibility if it
surfaces, keeping flat on strength. Also a short on heavy volume
dumps/confirmed weakness cues. Moderate buy volume on Monday means it
might have unclear chances to work. A 9 fail may be
ideal. Avoid big gaps/longs. Panic dump?
B/O scan. I like it long back over 0.65 and
holds. Ideal to stay
that on tests aside from early noise if it triggers. Stops also
possible just under the close on Monday or the 1st 30 minute low of Tuesday. Avoid all shorts and all big gaps. The low on Monday is too
far away to use for risk managing stops. Also a long on spiking up at
or near the gun as a scalp. Medium strong volume on the rise, a tepid
sign at best for new buys. No A/H quote. Exiting below 0.60 on
trigger entry is possibly advisable. Early r/g?
Bullish Engulfing. I like this long over 8.62/holds. Moderate volume on
the rise, which is a neutral sign for new buyers.
flat on real weakness aside from a typical red to green move, etc. Stops
just under the low last time or the initial 30 minute one Tuesday.
More conservatively a stop placed under Monday's close,
too. The low on that day is not too far away to use for
stays above 8.56 on pull backs to remain viable as a long if it
triggers. No big gaps or shorts. No A/H quote.
Bearish Engulfing. I like it short
the low (2.25)
of Monday. Modest volume on the drop, which is a fair sign for
flat on real strength aside from a typical green to red move, etc.
Stops just above the high last time or the initial 30 minute one on
Tuesday. More conservatively a stop placed above Monday's close,
too. The high on that day is likely too far away to use for risk
control via stops. Ideally keeps under 2.35 on any pull ups to stay
viable as a short. Avoid all big gaps/longs. No A/H quote shift.
Hammer scan long. The tail is not too long to use the low as a stop
unless the position is very large. Use the previous session close
alternatively instead. Trigger is above the high of last time, here
above 26.61/holds. Avoid
big gaps, especially up ones. If it
gaps over the
trigger or 26.48 let it test/hold/perk 1st before entering. No shorts,
flat on redness. Low buy volume, which means reversal interest is yet unclear. 26.50+ is the ticket
for buyers. Down A/H a bit less than 0.50%.
I like this short on over extension on a gap and crap top fish or
better a fall fail back under 2.30/holds. Avoid big gap downs. Also
on confirmed weakness cues or panic dumps at any time, possibly
scalping. Keep in mind many plays like this go on
longer than anticipated; it would not surprise me if it overtakes 2.44
and keeps going a bit. Stops above Monday's high at worst. Also a fade
under 2.25/holds. May not be done yet.
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